LIVERMORE — The Tri-Valley Learning Corporation, which runs two Livermore charter schools, will be audited through the Alameda County Office of Education following allegations that a former CEO potentially committed fraud or embezzlement.

Associate Superintendent Gary Jones confirmed Thursday that he recommended the AB139 — called an “extraordinary audit” — of TVLC to County Superintendent Karen Monroe. He’s received hundreds of emails on the subject, he said.

One of those emails, made public through a Livermore Valley Joint Unified School District board packet, points to former CEO Bill Batchelor at alleged misappropriation of funds.

“We have some documents which show tax-except bond proceeds being paid to the former CEO Bill Bachelor (sic) (operator of the ‘related’ private school sharing the building) at the same time that he purchases a very expensive home and sports car,” said the email from Michael Fine of Fiscal Crisis and Management Assistance Team (FCMAT), a state-run monitoring group that helps local education agencies with their financial management.

“It also appears that two bank lines of credit were opened by Bachelor (sic) and fully utilized,” he said.

Batchelor went to the Alameda County Board of Supervisors in May 2015 to ask for a $30 million municipal bond to construct, renovate and equip the company’s high school, Livermore Valley Charter Prep, at 3090 Independence Drive in Livermore. A private school, now Squaw Valley Academy Bay Area, was to also occupy the space and share a majority of the costs. The bond served as an upfront loan to help the charter get the new school space.

At the time, Batchelor said borrowing money from investors and paying about 6 percent interest freed up the charter school from having to lease old, dilapidated buildings from the school district.

School district officials, who authorized the charter, publicly stated that they worried that the charter school company was taking on too much debt. The company also is paying off a $27 million bond floated in 2012 to buy its elementary/middle school, Livermore Valley Charter School.

Chris Van Schaack, Livermore’s associate superintendent, said it was good news the county is performing an audit.

The school district had asked TVLC to perform an audit through the state oversight panel, and the company agreed. When representatives from the oversight group arrived at the charter school on Nov. 7, they discovered information relating to Batchelor. Several hours later they were asked to leave.

Batchelor did not respond to requests for comment.

The new audit, ordered by the county, will also likely be conducted by the oversight panel. However, TVLC will not have the authority to ask auditors to leave.

The County Office of Education will also inform the Alameda County district attorney of the potential fraud concern and fiscal misappropriation of funds, Jones said.

The district attorney has had an open investigation against Tri-Valley Learning Corporation since February. As of Thursday, there have not yet been any charges filed against Batchelor.

In August, the D.A .charged former TVLC employees and an associate with child cruelty-related charges.